Risk of scam ICOs is more during Bull phase - page 4.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: BounderbyMAX on August 30, 2018, 08:56:02 AM

i agree with you. there is high chance to get scammed when the price of the market increasing rapidly. we should be aware when investing in a ICO.

Scammers indeed are much wiser nowadays as they knew that investors can be moved when the value of the market are pushing high, when bull start to show up, they easily adopt and make their own way to earn, you will never knew but we need to be more careful not because we are seeing potentials
we will not investigate deeper, its still needs to be well studied before doing anything.

arsenti

jr. member

Activity: 90

Merit: 5

I actually makes sense from a logical point of view...if people are so enthusiastic and make a lot of money during a bull market, they become careless and throw the money at projects more easily, often without doing the required due diligence.

BounderbyMAX

newbie

Activity: 56

Merit: 0

i agree with you. there is high chance to get scammed when the price of the market increasing rapidly. we should be aware when investing in a ICO.

gloomyz

jr. member

Activity: 280

Merit: 1

Yes, it's true that the risk of fraud increases during the bull phase. Transactions increased during this time and the price was also quite good. This makes it more vulnerable to fraud. So I would suggest all to be more careful in transactions so far. I think that people who invest in cryptocurrency must be very careful when choosing coins. We have to be aware of this and have to check it before investing. There are many ICO projects that work well and investors can also get benefits easily. But because some researchers are fake, people are afraid to invest in crypto coins.

jamota

newbie

Activity: 112

Merit: 0

There are currently many frauds in the ICO project. There must be more restrictions to release ICO projects to make the creators of these projects more serious and reduce scamming. And obviously people must be more careful and prevent more fraud victims from falling.

Catesknee

newbie

Activity: 252

Merit: 0

Scam is a kind of threat in crypto market. we should be careful before investing in any project. when the time of bull market people mostly get scammed on this time. we should analysis the market before investing.

Bourn1993

newbie

Activity: 242

Merit: 0

yes you are right. to protect us from this kind of threat we should be alert before investing. we should analyis the full details of the project where we want to invest. firstly we should look on their project purpose, their background. to analysis all of these then we should go for this.

apirmalakas

newbie

Activity: 134

Merit: 0

I think the risk that the ico is scam is same at both bull and bear markets. In fact, good icos tend to become sh*t projects during bear markets because their value drops and their liquidity massively affected. It also affects their implementation and spending for their activities mentioned in their whitepaper.

Nivelir

full member

Activity: 588

Merit: 100

I do not think that this is so, it seems to me that it is now difficult to collect anything from crypto-currencies, because few projects can really offer something very effective, probably it does not matter when this happens.

NeckettMarket

newbie

Activity: 77

Merit: 0

I partially agree with you. The scammers always target the newbies to get caught in their ideas and the over enthusiasts makes such sort of investments turning into loses. We should always be cautious.

BTCPair1000

newbie

Activity: 72

Merit: 0

Yes, you are absolutely right. There are many ICO projects those who are working properly and the investors also can make a profit easily. But because of some fake researchers, people are getting afraid to invest in crypto coins. We should aware of it and should check before investing.

GreotDollyce

newbie

Activity: 92

Merit: 0

Many people who possess the least knowledge about how to hodl and win actually invest in the bearish times, as they have patience. I say you stay away from investing in the Bull run. Though there are many who just try to make money overnight which causes them a loss.

Nuad19

newbie

Activity: 11

Merit: 0

Cryptocurrency is getting popular day by day. Its price also not stable recently. So, there is always a risk to invest in crypto coins. It becomes worse because of fake ICO projects. So, we should be careful about it.

Komandor8957

full member

Activity: 420

Merit: 100

The World’s First Blockchain Core

Now many ICO projects that have collected money in 2017 are actively developing. I can not say that 100% ICO will be successful, but 25-30% will release their products to the market and this will be a breakthrough for the whole industry.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: dollarneed on August 29, 2018, 06:12:50 PM

people will invest their money without doing research first since they don't want to lose that opportunity, this hype market is used by some projects to catch the Investors to buy their scam token. I think as an investor we must be aware of that situation and not take rash actions, make your own research before investing in a coin or project. I can't believe there is a service for creating a coin less than $100.

They are rushing the ico because the are thinking they can try to earn fast bucks from there. Alright and all of these scammers will think about that. But the hype in the bearish trend will be reduced a lot.
Never try to rush any ico before try to do a lot of research about that.

aggress0r

full member

Activity: 1050

Merit: 101

Yep I agree with you on that. Since during bullish market practically every assets has green light people become more fearless and enthusiastic to invest. At first if they are hoddlers of some valuable asset - the overall growth of price could encourage to buy moфeю Фe second, before investing they already start dreaming about huge ROI their investment would potentially bring.

CrashGangster

newbie

Activity: 62

Merit: 0

Yes, I agree with your opinion. Most of the people think that they will become rich overnight by investing in crypto coins. They don’t check also properly before investing. So, the fake researchers can cheat them easily.

bolshojkush

sr. member

Activity: 784

Merit: 256

Binance #Smart World Global Token

I do not understand why it was necessary to publish this post?? He doesn't carry any information. Everyone knows that divorced a lot of SCAMS, and people still continue to invest in them. It would be better to publish how to filter out these SCAMS projects.

dollurs

newbie

Activity: 238

Merit: 0

Definitely. The people will not analyze the ICO before they investing in a bull run market. They will make investments only looking for making some profits. That will be a good opportunity for scam ICOs. we need to prevent it.

Uzoma2018

newbie

Activity: 56

Merit: 0

Quote from: virendarnagpal on August 27, 2018, 11:38:23 AM

We have seen few scam ICOs. I think during Bull phase when prices are rising every day; people are very much enthusiastic to invest in Alt coins by directly buying from the market and from the ICOs. More and more people then want to buy more and more coins because the price are rising day to day.
So as per my opinion the chances of cheating by scam ICOs are more while there is bull phase and the rising market. So in a greed to become rich overnight, people sometimes buy such coins. Even inexperienced people with greed; enter the market at those times; they become the easy target of such scams.
And during bear phase when the markets are falling; even good ICOs are finding it difficult to attract sufficient investors; so the chances of scam ICOs are low.
But I think we shall always be alert before investing; but more alert during rising market.

This is exactly a correct analysis of when to avoid buying from one of those scam projects !!

Topic: Risk of scam ICOs is more during Bull phase - page 4. (Read 675 times)